Jefferies Reiterates Buy on Boeing (BA) After Adjusting Estimates

October 6, 2016 9:03 AM EDT
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Price: $157.40 -1.34%

Rating Summary:
    14 Buy, 11 Hold, 4 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 22 | Down: 17 | New: 13
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Jefferies reiterated a Buy rating and $165.00 price target on Boeing (NYSE: BA) after adjusting estimates. Core EPS for the periods 2016 to 2018 have been revised to $6.25, $9.45 and $10.00 from $6.20, $9.65 and $10.65.

Analyst Howard Rubel commented, "There is a reasonably good investment case for Boeing. We believe the company understands that it needs to drive productivity and to hit development milestones. While civil orders have been slow year-to-date, recent progress with customers demonstrates that the current product is attractive. Cash Flow and EPS growth create an attractive valuation."

For an analyst ratings summary and ratings history on Boeing click here. For more ratings news on Boeing click here.

Shares of Boeing closed at $134.66 yesterday.

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